Gide advises ONOMO group on the acquisition of Moroccan hotel group Cantor Hôtels
7 June 2018
Deals | Morocco | M&A / Corporate
Gide's Casablanca office assisted ONOMO group on the acquisition of a majority stake in Moroccan group Cantor Hotels.
With this operation, ONOMO group adds six Moroccan hotels (with 740 rooms) to its portfolio. These hotels will be operated under the brand name Onomo Hotels, and will be positioned in the mid-range business hotel sector.
ONOMO Hotels is an African group of three-star hotels for business clients.
This transaction is an additional step for ONOMO on the African continent, with Casablanca serving as an operational hub. With more than twenty hotels in 2020, ONOMO Hotels aims to become the premier pan-African three-star hospitality platform.
Gide Casablanca assisted Onomo group, with partner Simon Auquier and senior associates Chloé Joachim de Larivière and Loris Marghieri.